Stop the presses! Frugality is the new black!
Filed under: Budgets, Home, Simplification
For many months now our nation's leaders have bent over backwards to avoid admitting what is painfully obvious to those of us on the ground: The economy sucks. Anyone who goes to the supermarket, pays rent or a mortgage or puts gas in their car knows we're already in a recession.So it's amusing to watch people like U.S. Treasury Secretary Henry Paulson twitch so as he is forced to admit that the country's economy is indeed up the creek.
And now we get these headlines! Frugality is in! Time for Americans to relearn how to live within their means! No more free lunch!
In other words, it's time for Americans to take a lesson from their grandparents and stop living beyond their means. I'm all for it, of course. And I'd like to see our Free-Market Republican leadership do the same. But that doesn't look too likely, what with all the bank bailouts coming down the pike, and the ongoing money sink of Iraq.
"A chicken in every pot, and a car in every garage" is starting to sound like a viable campaign slogan again.
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Reader Comments (Page 1 of 1)
3-18-2008 @ 9:11PM
Tom said...
First of all, we are not ina recession until we experience
90 days of negative GDP. It takes 180 days of negative
growth to be a recession. Even if we do, it will be a
minor one. The second half of 2008 looks better for the
economy.
Second, in case you haven't noticed the Democrats
control Congress since 1/07. Spending proposals haven't
decreased. In fact if BUSH hadn't used his veto they
would be even higher.
If Democrats win the White House see what happens
to your taxes. Forget frugal, you'll see real negative
growth in the economy.
Oh, by the way, when we cut-an-run from Iraq as
you seem to support - besure to give the Terrorist
your address when they come again.
Reply
3-19-2008 @ 6:01AM
al coholic said...
Tom,
I'd be interested to hear why you think "the second half of 2008 looks better."
If Americans cannot see why it is a good idea to be frugal now they never will.
Rpublicans, Democrats, it doesn't matter. The only representatives we will vote for are the ones who give us the money. That's what our system has evolved into...greed.
We are creating a giant sh*t sandwich from which we will soon be forced to take a bite of.
Reply
3-19-2008 @ 11:18AM
taina2 said...
While the parites talk a much different story, the only real diffence is one taxes and spends and the other borrows and spends.
Reply